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? because we wouldn't raise the debt ceiling. and the republicans said we've got to have some cuts, mr. president. we have got to do something about the debt course. we can't continue. we're not going to allow you to keep running with the credit card of the people of america if you don't show that you're changing your habits and you're containing some of your lust to spend. finally an agreement. he hated it worse than anything. finally an agreement. he signed it. "i agree that if if you will raise my debt ceiling right now of $2.1 trillion, i promise in the future that i'll cut spending $2.1 trillion." if you let me do it over ten years, i'll sign it. but i've got to have my debt ceiling now. less than two years later we've already increased the debt ceiling $2.1 trillion. we're right up there again having to raise the debt ceiling again. it will be a matter of weeks that this has got to be confronted again. well, what about the spending cuts? before the ink was dry on that agreement, signed by the president himself, i've got the document right here, in blue ink, barack obama right the
to be two-pronged. you are going to have a debt ceiling debate when funding for the government runs out. president and white house wants to have a deal with some kind of tax increase and house republicans do not want to include that in any kind of package. they don't want the debt increases limited. secondly, there is talk about a grand bargain to get a new budget in place. >> gregg: how do you handicap that? >> i think this is one of better chances we've seen in a while. >> gregg: why, because the president is paying attention to his poll numbers which is dropping considerably? >> i think he is paying attention to congress. first term he ran against them for reelection campaign. he didn't want much to do with congress. he didn't work with them or invited them up to the white house. this is the first time we have soon signs of reaching across the 16 blocks to capitol hill. i think house republicans have come to the point where they really see that the american public is sick of what i would call crisis fatigue. every three to five months there is some crisis in congress and go down to t
told the american people, who were reluctant to raise the debt ceiling, and a lot of members of congress were reluctant to raise the debt ceiling since we were so irresponsible around this place, but an agreement was reached recognizing that could be disruptive to a significant degree, that we would raise the debt ceiling $2.1 trillion but we would reduce spending over ten years $2.1 trillion. well, we've already run up another $2.1 trillion in debt. we've already hit that. but they're proposing, and the president himself in his budget last january, six months -- less that six months after he signed the budget control act eliminating a little bit of the growth in spending, he's proposing to eliminate it, at least the sequester part of it, which is $1.2 trillion, 60%. so here are some other figures that are plain that the american people should know about this budget. it has a 60% spending increase over ten years, would increase spending 60%. it has $162 billion increase in spending next year, another stimulus bill. $7.3 trillion in new federal debt will be added under this bu
these constant crises, the , so that made another issue. and now we have the debt ceiling and on and on and on. it never ends. people get concerned. you look at consumer confidence, and it has since passed continued to decline. a function of not knowing what is going on in the we shouldr, i guess say, in the government, in terms of what they're doing with budget and taxes and everything else. host: we will talk with april -- reporter on the hill. ,et's go to fredericksburg virginia, republican, also a federal worker. caller: hi. i am with the department of defense, and we have done it numerous options on how to deal with the sequester. the department of defense has been hours with the sequester. it has certainly affected the tempo of our work. i think it is going to severely affect defense workers morale in a lot of ways. this is really ridiculous. both senatorsto from june -- virginia. unless they fix this things, i am not going to vote for them. atm looking very closely how my congressman is handling the situation. anything to doing fix it, i will try and vote him out, also. the congressmen
agreed if we continue with razor debt ceiling, that number will go a. but the next speaker has been an outspoken advocate for not raising the debt ceiling without equal cuts and not razor debt ceiling's our children cannot inherit a debt ridden future. the next speaker has been an outspoken advocate for the unilateral repeal of obamacare. >> and more so than anything else, our next speaker is one of the most courageous conservatives in the country your she stands for principle, she will oppose republican just like she will oppose a democrat. she's fighting for the future of this country, so my generation can prosper. ladies and gentlemen police join me in welcoming congresswoman michele bachmann. [cheers and applause] ♪ ♪ >> good morning. good to see you. so glad you're here. good morning. love you, too. good morning. welcome, everyone. thank you for that wonderful, wonderful tea bag or the morning welcome. and you are up and you. welcome to washington, d.c. the epicenter of care and compassion. it is a very unique city, as you know. you have to show a photo id in would have a w
ceiling to be increased because he was spending so much money. republican said, ok, we will raise the debt ceiling for the country does not default, but only if you agree for a dollar for dollar reduction in spending over the next decade. and so, yet $2.50 trillion of spending restraint -- not real cuts but spending less than obama had hoped. in washington that is called a cut. if you wanted 10 of something and you only got eight of something, you say i got cut two. if you actually walk away with eight. so, that was a $2.50 trillion spending reduction over the next decade. it has not happened yet. we have several problems facing us. the trillion dollars in the obamacare tax increases that hit this decade, that begin to hit now. oddly enough, the president and the democrats in the house and senate decided to put the tax increases, the bulk of them, after the 2012 elections. so, everybody voted and now the tax increases hit. it is not helpful for the economy and i think it is going to be unpleasant for voters. from ron is up next watertown, south dakota. democrats' line. caller: thank you fo
, the budget control act, was that obama wanted to keep spending, and he needed the debt ceiling to be increased because he'd spent so much money. and the republicans said, okay, we'll raise the debt ceiling is so the country doesn't default, but only if you agree to a dollar-for-dollar reduction in spending over the next decade. and so we got $2.5 trillion in spending restraint. not real cuts, spending less than obama had hoped in. in washington that's called a cut. if you wanted ten of something and you only got eight of something, you go i got cut too. actually, you walked away with eight. but, so that was a $2.5 trillion spending reduction over the next decade. it hasn't happened yet. we're still, we have several problems facing us. the trillion dollars in obamacare tax increases that hit this decade, that begin to hit now. oddly enough, the president and the democrats in the house and senate decided to put the tax increases, the bulk of them after the 2012 election. so everybody voted, and now the tax increases hit. it's not helpful for the economy, and i think it's going to
to be agreement in congress, but we are not there yet. we have a debt ceiling. while they passed to budgets, they still have not gone to the whole process. we could continue with these stop-measures to keep the government from shutting down until eight -- an agreement is made. , go ahead.ssee caller: i would like her to define the word "politico." americanught government for the past 19 years and we are not governed by parties. we do not covered by the constitution. example which one is not mentioned in the constitution. if madison and hamilton thought it was important and washington thought it was important, it would have been in there. resolutions are non- binding. all it does is increase the burden of debt of my students who are now in debt probably $50,000 already. they have not graduated from high school already. households are in debt to the tune of $150,000 -- host: you have given us a lot to work with. what level do you teach? caller: high school. 12th graders? caller: yes, sir, u.s. government. guest: host: if you go to our website, you will find information that could be helpful i
the debt ceiling ceiling $2.1 trillion ae agreed to reduce spending over ten years, $2.1 trillion. before the ink was dry, the president was proposing to eliminate the cuts he agreed to. he's been fighting to eliminate those cuts from the beginning. and they're really not cuts. they're simply -- if they were properly applied, it would reduce the growth of spending and not cut spending actually at all. so the committee that was supposed to find all the cuts failed. the sequester came into law. it's an antimilitary provision. it was put in by jack lew, a very liberal member of the president's, at that time, chief of staff for offic office of mot and budget. the president seems to be quite happy to see these cuts fall on the defense department. he seems to be happy to have this happen. why do you say that? i say, because he's done nothing to philadelphia it. -- to fix it except demand something that he has no right to demand. that is, to violate this agreement and raise taxes and spend more. and that's not going to happen. congress is not going to vote to violate the agreement they made with
Search Results 0 to 8 of about 9